Trez Capital Mortgage Investment Corporation Announces February 2018 Distribution

Trez Capital Mortgage Investment Corporation Announces February 2018 Distribution

Canada NewsWire

TORONTO, Feb. 17, 2018 /CNW/ – Trez Capital Mortgage Investment Corporation (TSX:TZZ) (the “Company”) announced today that its board of directors has declared a distribution of $0.0583 per Class A share of the Company. The distribution, which constitutes a return of capital, will  be paid on March 15, 2018 to holders of Class A shares of record on February 28, 2018. As of February 17, 2018, there were 11,864,441 Class A shares outstanding. The Company intends to continue with similar monthly distributions until further notice.

About the Company

Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company. On June 16, 2016 the Shareholders of the Company approved the orderly wind-up of the Company. Under the orderly wind-up plan the Company will distribute the net proceeds through special distributions, the repurchase of shares pursuant to the normal course issuer bid, or otherwise.

SOURCE Trez Capital

View original content: http://www.newswire.ca/en/releases/archive/February2018/17/c4715.html

CAPREIT Announces February 2018 Distribution

TORONTO, Feb. 15, 2018 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today its February 2018 monthly distribution in the amount of $0.10667 per Unit (or $1.28 on an annualized basis). The February distribution will be payable on March 15, 2018 to Unitholders of record on February 28, 2018.

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

As one of Canada’s largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 50,624 residential units, comprised of 44,168 residential suites and 31 manufactured home communities comprising 6,456 land lease sites, located in and near major urban centres across Canada and The Netherlands.  Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 79%.  For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

For further information please contact:

CAPREIT
Mr. Michael Stein,
Chairman
(416) 861-5788
  CAPREIT
Mr. David Ehrlich,
President & CEO
(416) 861-9404
  CAPREIT
Mr. Scott Cryer,
Chief Financial Officer
(416) 861-5771

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Pinnacle Bankshares Corporation Declares Cash Dividend

ALTAVISTA, Va., Feb. 14, 2018 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (the “Company”) (OTCQX:PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of $0.10 per share on February 13, 2018 payable March 9, 2018 to shareholders of record as of February 23, 2018. 

The cash dividend is equal to the $0.10 per share paid to shareholders last quarter and marks the twenty-second consecutive quarter that a dividend has been declared.  Pinnacle previously released its fourth quarter and 2017 earnings on February 5, 2018 indicating increased core net income for the ninth consecutive year.

“We experienced solid core earnings growth during 2017, enabling us to continue our quarterly cash dividend and maintain a sufficient capital base to support future growth,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. 

Pinnacle Bankshares Corporation is a locally managed community banking organization based in Central Virginia.  The one-bank holding company of First National Bank serves an area consisting primarily of all or portions of the Counties of Campbell, Pittsylvania, Bedford, Amherst and the City of Lynchburg.  The Company has a total of nine branches with two located in the Town of Altavista, where the Bank was founded.  Other branch locations include Village Highway in Rustburg, Wards Road near the Lynchburg Regional Airport, Timberlake Road in Campbell County, South Main Street in the Town of Amherst, Old Forest Road and Odd Fellows Road in the City of Lynchburg and Forest Road in Bedford County.   First National Bank is in its 110th year of operation.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‑looking statements are not statements of historical fact and are based on assumptions and describe future plans, strategies, and expectations of management, and are inherently subject to risks and uncertainties. For discussion of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, please see “Cautionary Statement Regarding Forward-Looking Statements” in our latest Annual Report available on our website, www.1stnatbk.com, under “Investor Relations—Financial Documents.” These risks and uncertainties should be considered in evaluating forward‑looking statements contained herein, and you should not place undue reliance on such statements. We undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.

CONTACT:  Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com 

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